Tag Archives: Blockchain Technology

Citigroup and Goldman Sachs have performed the very first equity swap over the Ethereum blockchain.Citigroup and Goldman Reach a MilestoneSuch a swap involves one party making a payment to the other in exchange for a return asset. The process is undergoing a period of testing in which an additional 13 organizations will take part. The swap also ensures that each party to engage will have access to the same data, ensuring there are no issues across the board and lessening the chances for...

Blockchain technology has been touted over the years as something revolutionary. It’s capable of so much more than just revamping our financial infrastructure as we know it. It’s already been tested in supply chains and even voting systems.Blockchain Voting Isn’t All It’s Cracked Up to BeGiven the latest fiasco involving the democrat Iowa caucuses, perhaps blockchain could have been utilized to ensure the safety of voters’ identities and as insurance that such an event would never have...

Twitter and Square CEO Jack Dorsey has always been friendly towards bitcoin. In a recent interview, he says that he thinks the currency will soon be as “common as cash.”Dorsey Believes BTC Is the Future of FinanceThis rings in with a statement he made in the year 2018. The entrepreneur stated to CNBC that bitcoin, within a period of ten years, was likely to become the world’s “single” currency, meaning all other forms of crypto and fiat would become obsolete. This is an ambitious notion for a...

It’s always interesting to see things get reversed. Typically, one often witnesses figures in the financial space – i.e. Warren Buffett, etc. – touting blockchain while believing that crypto is the money of criminals and do-nothings. Nic Carter, on the other hand, believes the exact opposite.Carter Is Pro Crypto, Not BlockchainAs the founder of Castle Island Ventures – a venture capital firm – Carter explained in an interview that blockchain is consistently touted as the eight wonder of the...

The Securities and Exchange Commission (SEC) is continuing to exhibit its newfound hard-as-nails attitude towards crypto and blockchain ventures, and has recently enforced a $250,000 penalty on a startup called Blockchain of Things Inc. (BCOT)The SEC Is Not to Be Taken LightlyThe SEC alleges that the company hosted an unregistered initial coin offering (ICO) back in December 2017. That ICO resulted in roughly $13 million in capital gained for BCOT. Granted the company is forced to comply with...

At press time, bitcoin isn’t doing so hot. The number one cryptocurrency by market cap is down for the count and trading in the $6,000 range.Bitcoin Still Has LoyalistsAnd yet, much like gold and other precious metals, the digital asset can’t seem to shake its followers, some of whom hold rather prominent positions in the world of finance. One such follower is 59-year-old Nassim Nicholas Taleb, the author of bestselling books like “The Black Swan” and “Fooled by Randomness.”Taleb says he’s...

Karuschain – a blockchain company that seeks to connect distributed ledger technology to the world of precious metals – has hired the “Bitcoin Man,” Herbert R. Sim, as its latest adviser and investor.Karuschain Mixes Blockchain with Precious MetalsIn a statement, the company’s CEO Richard Verkley announced:We are pleased to have ‘the Bitcoin Man’ himself coming in as a lead investor, and simultaneously as a key adviser. His years of experience in the blockchain and cryptocurrency industry...

One source is saying that the reason for bitcoin’s recent nosedive has to do with the idea that interest in China is starting to wan.China: The Land of Bitcoin’s Life… and Death?China is arguably the biggest bitcoin haven in the world. Home to two of the world’s largest crypto miners in Canaan Creative and Bitmain, the country has become rather “kind” and open-minded when it comes to digital currency despite several steps to seemingly shut them out before. Among the maneuvers taken to prevent...

Several countries continue to pave the way for cryptocurrency and blockchain, the latest example being Lesotho in Africa. With a population of only 2.2 million and a relatively small government system, the nation has entered a “memorandum of understanding” (MOU) with the crypto company Apollo to potentially experiment with blockchain technology and see how it can best be implemented into the country’s regulatory bodies.Apollo Is About to Empower Lesotho with BlockchainLesotho announced in a...

Cryptocurrency is taking over where traditional finance has failed, and Zurich, Switzerland is a prime example of this.Zurich: The New Crypto Capital of the WorldAs we all know, several new crypto and blockchain businesses have sought to make their homes in Switzerland thanks, in part, to the region’s easy-going regulatory stance on digital currencies. The country is even home to what is affectionately known as “Crypto Valley,” a section that’s devoted strictly to crypto startups and product...